Biogas Plant Market Size

Biogas Plant Market size was over USD 4 Billion in 2023 and is poised to exceed USD 11.91 Billion by the end of 2036, witnessing over 8.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of biogas plant is estimated at USD 4.43 Billion. The growth of the market can be attributed to the increasing rate of pollution around the world, which in turn is giving rise to the environmental concerns associated with carbon emissions. According to the World Health Organization, 91% of the world's population resides in places where the air quality index exceeds the WHO guidelines. Moreover, 4.2 million deaths occur every year as a result of exposure to outdoor air pollution.

In addition, as fossil fuels are limited in quantity and are widely consumed for various purposes, the emphasis on alternative environment-friendly fuels that produce imperishable forms of energy is expected to witness growth. This is another factor considered to drive market growth in the upcoming years. Furthermore, the growing adoption of the Paris climate change agreement by a large number of countries is also projected to increase the usage of biogas in the near future, in order to minimize the implications of global warming.